forecasting CPI inflation over the last 10 years (2002Q1-2011Q4). As for the alternative indicators, we select a few concepts of … headline CPI rather than core CPI, and the indicators forecast inflation jointly rather than individually. The better … performance of the alternative indicators is mainly due to their leading correlation with inflation and real activity as well as …

English Abstract: This study examines the influence of global and country factors on inflation movements in Korea using … a multilevel factor model. Our results indicate that global factors were significant drivers of inflation in Korea … during the high inflation era of the 1970s, as well as in recent periods following the COVID-19 pandemic. On the other hand …

inflation and exchange rates maintain stability while its economy is experiencing difficulties due to the international …-of-value purposes is decreasing while the amount of foreign currency holdings for transaction purposes is intact, inflation and exchange … purposes begins to fall, exchange rates show some increase and inflation decreases. In the final stages, where the amount of …